This exploratory analysis examines need-based and non-need-based institutional aid expenditure patterns among public four-year colleges and universities in the U.S. (n=209) during the academic years of 2002, 2004, and 2006. Utilizing panel data techniques and econometric modeling, it seeks to understand how such institutional characteristics as: minority student enrollment; low-income student enrollment; financial capacity; SAT scores; non-resident enrollment; tuition; and state or federal grant subsidies interact with institutional expenditures on financial aid. This study finds that the relationship between institutional characteristics and aid expenditures differs depending on each type (i.e. need-based or non-need-based) of aid.
Institutions of higher education are the primary unit of analysis, so this study offers an institutionalist line of inquiry into organizational preferences for need-based versus non-need-based aid strategies. Results can be synthesized into three primary themes addressing the norms, values, and environmental pressures that shape public college behavior. First, institutional aid programs interact with such state-level policies as tuition rates and need-based financial aid programs. Second, expenditures on financial aid are primarily a function of an institution's market-oriented forces. And third, there is evidence to suggest that wealthier (as opposed less-wealthy) institutions are better positioned to offer greater shares of aid based on students' financial needs. Given the challenges associated with meeting need and pursuing prestige, the results from this study may aid enrollment management professionals, campus strategic planners, public policy makers, or those engaged in research on higher education finance.
|Commitee:||McGuire, Michael, Torres, Vasti, Toutkoushian, Rob|
|Department:||School of Education|
|School Location:||United States -- Indiana|
|Source:||DAI-A 72/03, Dissertation Abstracts International|
|Subjects:||Education finance, Higher education|
|Keywords:||Affordability, College affordability, College costs, Higher education policy, Institutional aid, Tuition, Tuition discounting|
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